DGAP-News

International Lithium Files Technical Report with Indicated Resource Estimate of 1.25 Million Tonnes LCE at the Mariana Lithium Brine Project, Argentina

DGAP-News: International Lithium Corp. / Key word(s): Miscellaneous International Lithium Files Technical Report with Indicated Resource Estimate of 1.25 Million Tonnes LCE at the Mariana Lithium Brine Project, Argentina 20.04.2017 / 19:24 The issuer is solely responsible for the content of this announcement. Vancouver, British Columbia--(Newsfile Corp. - April 20, 2017) - International Lithium Corp. (TSXV: ILC) (the 'Company' or 'ILC') is pleased to announce, with strategic partner Ganfeng Lithium Co. Ltd., ('GFL') and together the 'Companies', the filing of a technical report that contains a maiden resource estimate for the Mariana lithium brine project (the 'Project') located in Salta, Argentina.

Summary

Further to the Company's news release dated March 8, 2017, ILC has filed a technical report for the Mariana lithium brine project containing a maiden resource estimate for the project. ILC requested Geos Mining Minerals Consultants ('Geos') based in Sydney, Australia to prepare an independent lithium brine resource estimate for the Companies' Mariana lithium brine deposit in Argentina, and with Geos consent, ILC prepared a technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (the 'Technical Report').

The Technical Report, entitled 'Technical Report; Mariana Lithium Project, Salar de Llullaillaco, Argentina' and dated April 10, 2017, is now available under the Company's profile at www.SEDAR.com. The effective date for the resource estimate is January 20, 2017, which represents the date of the most recent data that supports the brine estimate in the Technical Report.

Report Highlights - Mariana Lithium Brine Project, Argentina

The following highlights taken from the Technical Report, and set out below, should be considered in the context of the detailed information given there.

• Indicated resource contains an estimated 1,248,000 tonnes of lithium carbonate equivalent (LCE), previously reported with at a 60% recovery rate to be 747,000 tonnes LCE which is now calculated as 749,000 tonnes of LCE.

• Inferred resource contains an estimated 618,000 tonnes of LCE.

• The indicated resource is estimated at 765 billion litres of brine grading 306 mg/L lithium ('Li') and 9,457 mg/L potassium ('K').

• The inferred resource is estimated at 361 billion litres of brine grading 322 mg/L lithium ('Li') and 10,316 mg/L potassium ('K').

• Brine resources are tabulated and reported for average specific yield (SY) of 15% and a cut-off value of 230 mg/L Li. Effective date for this resource estimate is January 20, 2017.

The preliminary estimates for lithium brine are in the upper end of the Companies' expectations.